Magna Mining Reports Results of Levack Mine Preliminary Economic Assessment and Approves Restart of Production

SUDBURY, Ontario, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Magna Mining Inc. (TSX: NICU) (OTCQX: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for the restart of the fully-permitted Levack Mine (“Levack”), located in the North Range of the Sudbury Basin, northeastern Ontario, Canada. All amounts are expressed in Canadian dollars unless otherwise indicated.